FaradaIC and the EIC Accelerator: An Oxygen Sensor on a Chip
FaradaIC Sensors, a Berlin company led by CEO Ryan Guterman, makes electrochemical gas sensors on microchips, replacing the liquid electrolytes in conventional sensors with solid-state materials. Its EIC project promised "the first miniaturised electrochemical O2 gas sensor" for breathing devices, fitness, medical uses and the hydrogen economy, and aimed to take the technology from TRL 6 to TRL 8 with patents, pilot manufacturing and field tests with pilot customers, according to CORDIS.
The European Innovation Council granted €2,455,250 towards a €3.51 million project from March 2023 to August 2025. The final report says FaradaIC screened "over 100 innovative gas sensing materials and formulations", built three generations of microsensors and reached "the full validation and demonstration of our miniaturized O2 gas sensor". It targets a price of "10-20 cents" per sensor in mass production. In April 2025 it raised a €4.5 million seed round led by JOIN Capital, with the European Innovation Council among the investors, to bring its first oxygen sensors to market and expand manufacturing.
Company file
- Legal entity
- FaradaIC Sensors GmbH, HRB 246043 B, Berlin
- Registered
- September 2022
- CEO
- Ryan Guterman
- Products
- Faraday-Ox oxygen sensor, Faraday-Breath
- Investors
- JOIN Capital, Forma Prime, EIC, elev8.vc, Tiburon, Frontures, Atlantis Ventures
- Affiliate
- FaradaIC Sensors d.o.o. Beograd-Vrčin, Serbia (€669,375 of the grant)
- EIC project
- 1 Mar 2023 to 31 Aug 2025, closed
- EIC funding
- Blended finance
Where FaradaIC Stands Now
FaradaIC's website describes Faraday-Ox as the "world's first oxygen sensor on a chip", a factory-calibrated module with digital output, and invites customers to order an evaluation kit. It targets food packaging and supply chains, medical and biotech devices, and semiconductor equipment. Register records show a capital increase in February 2025, patents on a gas sensor and a lacquer mixture, and new trademarks in 2024 and 2026, according to North Data.
The record
An oxygen sensor on a chip, from lab to evaluation kit
FaradaIC used EIC blended finance to move its microfabricated gas sensors towards production. The EIC then joined its €4.5 million seed round, and its Faraday-Ox sensor is offered as an evaluation kit.
- Sep 2022Company registeredBerlin
- Oct 2022EIC Accelerator cut-offFaradaIC gas sensorsblended finance
- Mar 2023EIC project starts€3.51M project€2.46M grant
- 2023-24Materials screeningOver 100 sensing materials tested
- Oct 2024PatentGas sensor
- Apr 2025Seed roundJOIN Capital leads; EIC joins€4.5M
- Aug 2025EIC project endsReport: O2 sensor validated
CORDIS, North Data, ExciteLab and FaradaIC.
"Whether they are building medical devices or food freshness monitors, the problems are the same; the sensors are too large, expensive, and power hungry."
Ryan Guterman, CEO, FaradaIC, April 2025The Technology: Electrochemistry on a Wafer
Conventional electrochemical gas sensors are calibrated one by one, the report says, which adds cost. FaradaIC builds its sensors on wafers using proprietary materials, allowing automated calibration at wafer scale, and uses microelectrodes to keep power use low. The report describes a target of a 1x1 mm analog sensor; the product on sale is a 2x2 mm module with digital output. The company calls the approach MECS technology.
The promise
Target price per sensor in mass production
FaradaIC says wafer-scale manufacturing and calibration could bring the price to 10 to 20 euro cents per sensor. Upper and lower bounds shown.
CORDIS project 190186800, report.
What the EIC Project Promised, and What CORDIS Shows
The EIC project
The EU paid 70% of a €3.5M project
The project ran from March 2023 to August 2025. €669,375 of the grant went to FaradaIC's Serbian affiliate. CORDIS lists the project as closed.
CORDIS project 190186800. Values in € millions.
The project promised to reach TRL 8 through patents, pilot manufacturing and field tests with pilot customers. The final report documents materials screening, a patent filing, in-house gas testing rigs, a calibration procedure and a validated oxygen sensor, and names logistics as a new market. It does not mention pilot manufacturing, field tests or any customer. Of the €2.46 million grant, €669,375 went to FaradaIC's Serbian affiliate. CORDIS lists the project as closed.
- Sensing materialsDelivered100+ screened.
- PatentsDeliveredGas sensor patent, 2024.
- Validated O2 sensorDeliveredPer final report.
- Pilot manufacturingUnverifiedNot in report.
- Customer field testsUnverifiedEvaluation kit offered.
The Money
The seed round's other backers were Forma Prime, elev8.vc, Tiburon, Frontures, Atlantis Ventures and angel investors. FaradaIC's registered share capital rose from €28,874 in April 2024 to €44,984 in February 2025. Its accounts and revenue are not publicly summarised, and the EIC's share of the seed round was not disclosed.
The money
EIC grant and the 2025 seed round
The seed round included the EIC, JOIN Capital, Forma Prime, elev8.vc, Tiburon, Frontures and Atlantis Ventures; the EIC's share was not disclosed.
CORDIS; ExciteLab, April 2025. Values in € millions.
What Cannot Be Checked
Questions for the EIC
Whether pilot manufacturing and customer field tests happened, whether FaradaIC reached TRL 8, what the Serbian affiliate did, how much the EIC invested and whether any customer has ordered sensors in volume are not public.
Why Europe Should Care
Gas sensors small and cheap enough for wearables and packaging would open new markets, and FaradaIC wants to make them with standard semiconductor processes. The EIC funded that work and then invested. The public evidence of production and customers is thin.
What the project promised
A miniaturised, chip-based oxygen sensor taken to TRL 8 with pilot manufacturing and customer field tests.
What the record shows
A sensor reported as validated, patents, a seed round with the EIC and an evaluation kit, but no named pilot customers.
The Verdict
Funded and moving, unproven at scale
FaradaIC has investors and a product to sample. Its final report claims a validated sensor but is silent on the pilot production and customer tests the EIC paid for.
FaradaIC and the EIC have not been asked for comment for this article. It is based entirely on public records and published statements, linked throughout.
Industry
Electronics and semiconductorsSensors
- Focus
- Chemical sensors
- Technologies
- Electrochemistry
- Keywords
- Oxygen sensors
- Food packaging
- Breathing devices
- Wafer-scale calibration